Incentive-Driven Energy Trading in the Smart Grid
The smart grid is widely considered as an efficient and intelligent power system. With the aid of communication technologies, the smart grid can enhance the efficiency and reliability of the grid system through intelligent energy management. However, with the development of new energy sources, stora...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2016-01-01
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| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/7436757/ |
| _version_ | 1818876881187897344 |
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| author | Ke Zhang Yuming Mao Supeng Leng Sabita Maharjan Yan Zhang Alexey Vinel Magnus Jonsson |
| author_facet | Ke Zhang Yuming Mao Supeng Leng Sabita Maharjan Yan Zhang Alexey Vinel Magnus Jonsson |
| author_sort | Ke Zhang |
| collection | DOAJ |
| description | The smart grid is widely considered as an efficient and intelligent power system. With the aid of communication technologies, the smart grid can enhance the efficiency and reliability of the grid system through intelligent energy management. However, with the development of new energy sources, storage and transmission technologies together with the heterogeneous architecture of the grid network, several new features have been incorporated into the smart grid. These features make the energy trading more complex and pose a significant challenge on designing efficient trading schemes. Based on this motivation, in this paper, we present a comprehensive review of several typical economic incentive approaches adopted in the energy-trading control mechanisms. We focus on the technologies that address the challenges specific to the new features of the smart grid. Furthermore, we investigate the energy trading in a new cloud-based vehicle-to-vehicle energy exchange scenario. We propose an optimal contract-based electricity trading scheme, which efficiently increases the generated profit. |
| first_indexed | 2024-12-19T13:49:26Z |
| format | Article |
| id | doaj.art-5f0c2beac1a94213a7c8b3c4d611b264 |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-19T13:49:26Z |
| publishDate | 2016-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-5f0c2beac1a94213a7c8b3c4d611b2642022-12-21T20:18:47ZengIEEEIEEE Access2169-35362016-01-0141243125710.1109/ACCESS.2016.25438417436757Incentive-Driven Energy Trading in the Smart GridKe Zhang0Yuming Mao1Supeng Leng2Sabita Maharjan3Yan Zhang4Alexey Vinel5Magnus Jonsson6School of Communication and Information Engineering, University of Electronic Science and Technology of China, Chengdu, ChinaSchool of Communication and Information Engineering, University of Electronic Science and Technology of China, Chengdu, ChinaSchool of Communication and Information Engineering, University of Electronic Science and Technology of China, Chengdu, ChinaSimula Research Laboratory, Oslo, NorwaySimula Research Laboratory, Oslo, NorwayHalmstad University, Halmstad, SwedenHalmstad University, Halmstad, SwedenThe smart grid is widely considered as an efficient and intelligent power system. With the aid of communication technologies, the smart grid can enhance the efficiency and reliability of the grid system through intelligent energy management. However, with the development of new energy sources, storage and transmission technologies together with the heterogeneous architecture of the grid network, several new features have been incorporated into the smart grid. These features make the energy trading more complex and pose a significant challenge on designing efficient trading schemes. Based on this motivation, in this paper, we present a comprehensive review of several typical economic incentive approaches adopted in the energy-trading control mechanisms. We focus on the technologies that address the challenges specific to the new features of the smart grid. Furthermore, we investigate the energy trading in a new cloud-based vehicle-to-vehicle energy exchange scenario. We propose an optimal contract-based electricity trading scheme, which efficiently increases the generated profit.https://ieeexplore.ieee.org/document/7436757/Energy tradingeconomic incentivesmart grid |
| spellingShingle | Ke Zhang Yuming Mao Supeng Leng Sabita Maharjan Yan Zhang Alexey Vinel Magnus Jonsson Incentive-Driven Energy Trading in the Smart Grid IEEE Access Energy trading economic incentive smart grid |
| title | Incentive-Driven Energy Trading in the Smart Grid |
| title_full | Incentive-Driven Energy Trading in the Smart Grid |
| title_fullStr | Incentive-Driven Energy Trading in the Smart Grid |
| title_full_unstemmed | Incentive-Driven Energy Trading in the Smart Grid |
| title_short | Incentive-Driven Energy Trading in the Smart Grid |
| title_sort | incentive driven energy trading in the smart grid |
| topic | Energy trading economic incentive smart grid |
| url | https://ieeexplore.ieee.org/document/7436757/ |
| work_keys_str_mv | AT kezhang incentivedrivenenergytradinginthesmartgrid AT yumingmao incentivedrivenenergytradinginthesmartgrid AT supengleng incentivedrivenenergytradinginthesmartgrid AT sabitamaharjan incentivedrivenenergytradinginthesmartgrid AT yanzhang incentivedrivenenergytradinginthesmartgrid AT alexeyvinel incentivedrivenenergytradinginthesmartgrid AT magnusjonsson incentivedrivenenergytradinginthesmartgrid |